Advisory Scientific Committee

The Advisory Scientific Committee (ASC) conducts research to inform macroprudential decisions by the General Board. It consists of 15 experts representing a wide range of skills, experience and expertise.

The ASC contributes to the public debate on macroprudential policy by publishing reports. Past contributions include calls for: credible bank resolution; a European capital markets union; and enhanced disclosure of carbon-intensive assets.

The ASC is responsible for the ESRB Working Paper Series. It also awards the annual Ieke van den Burg Research Prize for young economists.

The ASC meets in Frankfurt at least quarterly. Its members contribute to a range of ESRB policy and research work, including the joint ASC-ATC groups on shadow banking and interconnectedness.